FTC Solar's Days Sales Outstanding for the
three
months ended in Mar. 2026 was 126.47.
FTC Solar's Days Inventory for the
three
months ended in Mar. 2026 was 47.01.
FTC Solar's Days Payable for the
three
months ended in Mar. 2026 was 61.34.
Therefore, FTC Solar's Cash Conversion Cycle (CCC) for the
three
months ended in Mar. 2026 was 112.14.
FTC Solar (NAS:FTCI) Cash Conversion Cycle Explanation
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
FTC Solar Cash Conversion Cycle Related Terms
FTC Solar Cash Conversion Cycle Historical Data
* Premium members only.
The historical data trend for FTC Solar's Cash Conversion Cycle can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FTCI vs ASTI, PN, SPRU: Cash Conversion Cycle Comparison
For the Solar subindustry, FTC Solar's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
FTC Solar Cash Conversion Cycle vs Semiconductors Industry
For the Semiconductors industry and Technology sector, FTC Solar's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where FTC Solar's Cash Conversion Cycle falls into.
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
FTC Solar's Cash Conversion Cycle for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FTC Solar (FTCI) has a Cash Conversion Cycle of 112.14 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on FTC Solar and its competitors.
Is FTC Solar's Cash Conversion Cycle too high?
FTC Solar's current Cash Conversion Cycle is 112.14. The Semiconductors industry median Cash Conversion Cycle is 116.11. FTC Solar's value of 112.14 is 3.4% below this industry median. Overall, FTC Solar has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FTC Solar's Cash Conversion Cycle compare to ASTI and PN?
FTC Solar's Cash Conversion Cycle of 112.14 can be compared against companies in the Semiconductors industry. The industry median Cash Conversion Cycle is 116.11. FTC Solar's value of 112.14 is 3.4% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Semiconductors company?
The median Cash Conversion Cycle among Semiconductors companies is 116.11, based on 1,021 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FTC Solar's current Cash Conversion Cycle of 112.14 is 3.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on FTC Solar and its competitors. For the Semiconductors industry, the median Cash Conversion Cycle is 116.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FTC Solar's current Cash Conversion Cycle is 112.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTC Solar stock overvalued right now?
Based on GuruFocus' analysis, FTC Solar (FTCI) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.49, compared to a current price of $4.79 — trading 12.8% below its estimated fair value. The current Cash Conversion Cycle is 112.14 and 3.4% below the Semiconductors industry median of 116.11. FTC Solar's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For FTC Solar (FTCI), the current Cash Conversion Cycle is 112.14 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is FTC Solar (FTCI) Overvalued in 2026?
Based on GuruFocus' analysis, FTC Solar stock appears to be undervalued.
The current stock price of $4.79 is trading 12.8% below its estimated GF Value™ of $5.49.
GuruFocus considers FTC Solar to be Modestly Undervalued.
Key valuation signals for FTCI:
Cash Conversion Cycle: 112.14
GF Value™: $5.49 vs. price of $4.79 (12.8% below fair value)
Industry Position: 3.4% below the Semiconductors median
No single metric tells the full story. See the FTCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S.-manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
64GF Score
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